Unlike car insurance, flood insurance is not a requirement. However, most homeowners’ insurance policies do not cover flood damage. For this reason, homeowners would be wise to consider purchasing flood insurance through the federal government and the National Flood Insurance Program (NFIP).

But the question remains: Is flood insurance worth the investment, or is it smarter just to see what happens and invest in flood repair? This article will discuss whether you should invest in San Francisco flood insurance.

The Flood Insurance Rate Map

The Federal Emergency Management Agency (FEMA) distributes a Flood Insurance Rate Map, or FIRM. The main point of the FIRM is to outline your area’s flooding concerns. Many lenders use this as a way to determine whether or not your home is in a flood zone.

The FIRM is available on FEMA’s website, or you can request a copy by mail or by phone. You can also get a copy of the Flood Insurance Study (FIS) that accompanies your area. Flooding areas fall into two categories: low to moderate risk and high risk.

The Loan

Just because you reside in a high-risk flood does not necessarily mean you must have flood insurance, but FEMA and the NFIP highly recommend it. However, some lenders will require it. Flood insurance is also necessary if the U.S. government regulates your lender.

Policies

The NFIP offers two types of flood insurance policies. The first policy is a preferred risk policy, which is designed for homeowners in low or moderate risk areas, and carries a lower premium. High-risk areas should have standard policies, which offer coverage for the home and your belongings.

Before determining your premium, the NFIP considers several factors including:

The year the house was built

The number of people the house can hold

The number of floors

The value of contents

The location

The deductible

Talk to a Professional

Ultimately, no matter how well you prepare for a flood, the remediation costs could be higher than you anticipate. If you do not have emergency funds stored away, it may be wise to invest in flood insurance.

Some policies in moderate- and low-risk areas could cost less than a monthly cellphone bill and save you thousands in the worst-case scenario. For advice on keeping your property safe when catastrophe strikes, contact Allied Restoration Company today at 415-529-5637.

San Francisco Flood Damage Insurance Is Flood Insurance Necessary for San Franci...

Ratings

Not Cheap but Allied was very fast in showing up and getting the cleaning job done even on a Sunday.

4.0 rating

December 30, 2018

Allied was very fast in showing up and getting the cleaning job done even on a Sunday.
The pricing of the service may be a little steep if you get the fans for several days, you may want to check the contract accurately to avoid misunderstandings. Support responds very promptly.

stefano g

This folks are real pros !. Quick,Careful,efficient and tremendously considerate.

5.0 rating

December 30, 2018

This folks are real pros !. Quick,Careful,efficient and tremendously considerate.
They left everything like new and helped me deal with the insurance reviewer!
I would not go anywhere else.

Raul G

5 stars to the team at Allied. Geronimo and his partner saved the day when they came to my home after a severe leak had damaged my closet and bedroom.

5.0 rating

December 30, 2018

5 stars to the team at Allied. Geronimo and his partner saved the day when they came to my home after a severe leak had damaged my closet and bedroom. They acted quickly and professionally to dry the rooms out and prepare them for being restored. I was so pleased and relieved to work with this team. This includes the professionalism of Misty who took my initial call. She knew how stressed I was and was right there to help me with a plan of action – all leading to a great result! Thanks so much! Sarah in Santa Rosa

sarah G

ur 370-unit property uses Allied exclusively. The entire team is very responsive and informative. Prices are competitive.

5.0 rating

December 30, 2018

Our 370-unit property uses Allied exclusively. The entire team is very responsive and informative. Prices are competitive. Moreover, Allied’s workmanship is excellent and thorough.
Allied also works seamlessly with our insurance adjusters on larger projects

Michael G

BRAVO - job well done! Discovered a flood at home in San Francisco - water had been over flowing a 2nd floor sink for 15 hours

5.0 rating

December 30, 2018

BRAVO – job well done! Discovered a flood at home in San Francisco – water had been over flowing a 2nd floor sink for 15 hours. Contacted Allied, signed work order on line and workers were at the house within 15 minutes. They brought a truck load of equipment to mitigate the damage. Drying fans were installed, heating pads were placed on hardwood floors, walls and ceilings were opened and drying and dehumidifying tubes installed. Excellent, professional care. Very pleased with their swift delivery of emergency service AND their attention to detail to ensure the water damage was dried out completely.